June 8, 2015
- in Uncategorized by schooloftrade
News Trading The Wedge on the Australian Dollar Currency Futures; SchoolOfTrade.com
Selling the news move high off a wedge breakout allowed us to pull in an easy 40 ticks this morning!
In today’s video we see the Australian Dollar pushing into news highs after breaking the rising wedge.
This gave us an opportunity to sell the failure high back lower for a quick and easy $400 on the trade!
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News candles can give a boat load of information and the extremes of them are strong areas of support and resistance that can be used in conjunction with other things to take trades off like the wedge breakout we had earlier this morning!
News candles can give a boat load of information and the extremes of them are strong areas of support and resistance that can be used in conjunction with other things to take trades off like the wedge breakout we had earlier this morning!
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